GAP Insurance Calculator - Long-term loan
Calculate the gap between your vehicle's value and your remaining loan balance. Evaluate if GAP insurance is relevant.
💳 AUTO FINANCING: Monthly payments and credit costs shown are ESTIMATES based on average market rates. The actual APR depends on your profile (income, down payment, credit history), the lender, and current conditions. These calculations do NOT constitute a credit offer. For financing, contact multiple lenders and compare PERSONALIZED offers. Credit is a commitment and must be repaid.
Frequently Asked Questions
What is GAP insurance?
GAP (Guaranteed Asset Protection) insurance covers the difference between your vehicle's replacement value (paid by the insurer) and the remaining loan balance in case of total loss (theft, destruction).
When is GAP insurance useful?
It's particularly useful if you have a long loan (>48 months), a low down payment, or if your vehicle depreciates quickly. The gap can reach several thousand euros in the first year.
Is GAP insurance mandatory?
No, it's optional. However, if you have a car loan and the vehicle is declared a total loss, you'll still owe the remaining balance, hence the potential value of this protection.